Technology Leaders Don't See U.S. Recovery Until 2013, KPMG Says

Wednesday Jun 29th 2011 by Datamation.com Staff

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Tech execs say the U.S. market and cloud computing will lead the way to growth.

Bloomberg: A new survey by tax, auditing and consulting firm KPMG finds that technology executives are becoming less optimistic about the economy. They now say that the economy and hiring will pick up in 2014, not in 2012 as previously predicted. Only 49 percent of those surveyed said they expect to add employees this year.

Those surveyed also said that the U.S. market would lead growth, followed by China, Brazil and India. In addition, 65 percent said that cloud computing would be their biggest revenue driver.